State's labor force participation rate remains at 67.2% in August

Freeman Staff

Sept. 20, 2019

MADISON ó The Department of Workforce Development released Thursday the U.S Bureau of Labor Statistics preliminary employment estimates for the month of August.

The data shows that Wisconsinís Labor Force Participation Rate remained at 67.2% in August, 4.0%t better than the national rate of 63.2%.

Wisconsinís unemployment rate in August was 3.1%, 0.6% lower than the national rate of 3.7%.

Some of the highlights of the data include: ó Place of resident data: Wisconsinís preliminary seasonally adjusted unemployment rate in August was 3.1%, up slightly from the August 2018 rate of 3.0%, but near the historic lows achieved earlier this year. Wisconsinís labor force participation rate in August was 67.2%. The national labor force participation rate in August was 63.2%.

ó Place of work data: Wisconsin added 8,300 private- sector jobs from August 2018 to August 2019, and 1,900 total non-farm jobs over the same period. Over-the-month, Wisconsinís private-sector jobs declined by 1,400, while total non-farm jobs declined by 3,500.

ďAlong with the countryís, Wisconsinís workforce is aging rapidly, with thousands retiring across the country daily,Ē DWD Secretary-designee Caleb Frostman said. ďTo replace retiring workers, while also filling new positions, Wisconsinís employers and workforce partners, very much including DWD, will need to continue their aggressive, creative, and inclusive workforce recruitment efforts. We look forward to building on our strong partnerships to attract and retain the best and brightest here in Wisconsin.Ē